Simply Cashflow Special: Detroit

A few weeks ago we reported on Detroit and its cash flow issues (read our original report here). The city – the most populous in the state of Michigan – had been overspending by over $100 million per year, leaving it with $18 billion of debt. Detroit was once a symbol of the sheer power of US industry, and was known as the world’s automotive centre – earning it the nicknames “Motor City” and “City of Champions.” The city’s auto industry even played its part in World War II, supporting the Allied powers. However, between … Continue reading

The Cash Flow News Weekly

So, what’s in the news this week? UAE worried about cash flow Recent findings suggest that almost 3 in 10 Chief Financial Officers in Abu Dhabi and Dubai have cited cash flow as their biggest concern. The main reasons given were customer / client insolvencies, competitor pricing and low margins, slow paying customers and higher business expenditures. The Director of Robert Half UAE said, “Cash flow clearly remains a priority for finance leaders, particularly small and medium-sized enterprises (SMEs)… With SMEs contributing to the UAE’s fiscal growth, job creation and economic well-being, it is essential … Continue reading

The Cash Flow News Weekly

This week we looked at some of the businesses making or breaking the bank….  Nokia acquires Siemens Phone manufacturer Nokia has announced it will buy out flailing phone company Siemens – under new ownership, the business is expected to perform more effectively, and provide cash flow for Nokia.   Oil Well helps increase cash flow Golden Gate Petroleum has struck, well, gold – with a well in Louisiana that is producing oil at rates expected to reach 370 per day. This will generate around $27,000 extra per month for the company.   Kohlberg & Co. … Continue reading